[TI closes tender with AMTX]
Jerry --
Few recognize it yet, but this acquisition will set TI apart from LU even more dramatically than it already is.
The fact that the closing will take place in 1998 is in large part due to informed shareholders not tendering and thereby preventing the 90% needed to close via the SEC short form. The long form requires a shareholder vote --- in this case pushing the closing into '98.
Three cheers for the Internet!
Merry Christmas, Happy Holidays to all!
Pat
<<<
Texas Instruments Incorporated Consummates Tender Offer for Shares of Amati Communications Corporation
PR Newswire - December 24, 1997 10:07
DALLAS, Dec. 24 /PRNewswire/ -- Texas Instruments Incorporated (NYSE: TXN) and its wholly-owned subsidiary, DSL Acquisition Corporation, announced that DSL Acquisition Corporation has consummated its tender offer for all of the issued and outstanding shares of common stock of Amati Communications
Corporation (Nasdaq: AMTX) of San Jose, California, at a price of $20 per share, net to the seller in cash.
DSL Acquisition Corporation has been advised by the depositary for the tender offer that as of the expiration 15,430,622 shares of Amati's common stock (approximately 78 percent of the issued and outstanding shares) had been validly tendered and not withdrawn.
Completion of the acquisition is expected to occur following a special
meeting of Amati's stockholders in the first quarter of 1998.
Texas Instruments Incorporated is a global semiconductor company and the world's leading designer and supplier of digital signal processing solutions, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company's businesses also include calculators, productivity products, controls and sensors, metallurgical materials and digital light processing technologies. The company has manufacturing or sales operations in
more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at ti.com. |
